Polymarket Lays Off Employees and Ends Contractor Deals, Denies Reports of 30% Workforce Cuts

Polymarket has laid off employees and ended several contractor agreements as part of a broader company restructuring. Cuts have mainly affected its marketing, customer experience, and engineering teams. The company said that the move comes as it prepares for its next phase of growth. More than half of those affected were contractors, while some full-time employees were also let go, according to FOX Business. Polymarket also pushed back against reports claiming that around 30% of its workforce had been cut, and described that figure as inaccurate. However, the company has not shared how many employees or contractors were affected overall.